Sun Acquisitions is pleased to announce the sale of a nationally recognized fitness complex. The fitness complex is known as one of the most successful and fastest growing fitness complexes in the country.
The fitness complex sells memberships that provides access to group fitness classes, in-studio events, DJ nights, and transformation challenges. They receive strong marketing and business support from the national operator. The efficient business model, low overhead and expenses, and small working capital requirements has resulted in nearly 50% net profit margins.
There are strong growth opportunities present to increase additional revenue streams with the new line of merchandise and supplements, reach new customers with newly implemented POS software, and further execution of the additional lead generation strategy launched in 2019. Sun Acquisitions generated 38 inquires on the business which led to 5 qualified buyers. The business was acquired by an individual investor.
Toby Davis and Henry Davis were the lead advisors and managed all aspects of this client engagement. After the successful sale of the business, Toby stated, “Sun Acquisitions was pleased to have represented the seller who built a profitable business which will now be taken to the next level by a buyer with extensive marketing and sales experience.” Toby Davis has over 35 years of experience in originating, structuring and negotiating business purchase and sale transactions. Henry Davis is an experienced mergers and acquisitions professional, bringing over 4 years of experience to Sun Acquisitions.